Topic: How Do You Plan to Make the Most of Your Bitcoin Investment Before the Halving? (Read 555 times)

Yes, though we have approximately 6 months, 3 weeks, and 5 days for next halving, that doesn't mean immediately the halving occurs, the value of Bitcoin will start skyrocketing, as most times it usually takes an extra 10 to 15months, before it's value goes 2x, 3x or 4x of it's recent current price.

The price of Bitcoin as of the time of writing this post is currently valued at $36,900, which means with the way I'm seeing it,  this price of Bitcoin is likely to increase even before the halving or after the halving next year, of which we never can tell now at the moment. But one certain for me is that in other to reap the huge returns which Bitcoin holds for us, all I will have to do is limit the amount of Bitcoin I tend to use for my daily upkeep, while I hold on the rest for dear life (i.e HODL).

You have a lot of control on your spending habits. You will always good financially. I have a different approach though and that is to increase my earnings. I have started to outsource the freelance work that I had been doing myself. It is becoming more profitable for me, all I have to do is to find more and more clients and then pass on the work to my workers. I will spend all the extra earnings to buy more bitcoin. Almost, 90% of my portfolio is in bitcoin.

Balance is everything. That next huge price increase has us all on edge, right? But your advice about avoiding the madness is wise. Smart asset allocation and avoiding overcommitting to a volatile market. Every financial move must be smart and calculated, like chess.

Nobody knows what Bitcoin will do, so we wait. Halving events, market speculation - its all part of the equation, and timing the market is extremely challenging. Playing the long game means focusing on the horizon rather than the waves ahead.

You're right about optimizing purchases. DCA into Bitcoin has historically mitigated volatility. Its all about controlled expansion of your assets, right? Follow money management fundamentals and dont let the noises define your plan to weather cryptocurrency's volatile nature.

These are well laid down plans prior to the Bitcoin halving next. These Will generate good numbers for you, they shouldn't end up in a KYced centralized exchanges.  There were valuable lessons learnt from the last and previous bulls and bear make no mistakes to leave them on exchanges else those nutshells in charge of control will squeeze your funds. Ftx is lesson enough for those that wants to learn.

70% in Bitcoin and 30 Percent into ETH! I can only successfully invest in what I trust and what is well backed.

I thought about quitting smoking, drinking and doing drugs because I have realized it doesn't bring values instead it brings devalues to my body system with the threats to healthiness and life and also brings about irresponsible reputations.

I was abusive and addicted to it. But since there has been inflations going on in my country, i was able to limit to a very low reasonable limit and as time goes I keep seeing myself alive because I thought there would be no of my life without those "Hard in Takes" so, I have decided to quit  since I could have it under control maybe create a chart to Chanel how I spends on those sh*ts to topping to my Bitcoin trading wallet for a motion ness accumulations of my Bitcoin.

 The only plan I have right now is to continue DCA while the market is still giving us opportunities to accumulate more bitcoin before bitcoin halving takes place. Bitcoin price might eventually continue to surge high when bitcoin halving is over and that going back to its low price might be hard anymore. That's why by never stopping from doing DCA, at least little by little my bitcoin portfolio will be filled in through spending an amount that I can still afford to lose.

While others have resorted into investing in altcoins as well to maximize their investment profits, but for me I only trust bitcoin so instead of adding some altcoins or shitcoins into my portfolio, most probably I'll just have to deal and lessen the risk through sticking to bitcoin as my crypto investment.

Honestly, OP, don't focus on investing in Bitcoin alone because what you did is just like forcing yourselves to the limit and it looks like you are too aggressive. I'd never see any wrong with Bitcoin but must slow down as well because this is not competition and I don't want you to miss other investment opportunities aside from crypto. Because what if you fail from your assumptions? DCA is somewhat a good idea and the majority are using this strategy. And the thing that I would say --set a limit on your investment.

I plan on carrying my life normally.  Buy Bitcoin with some part of my extra money.  I won't push my budget to the limit of thrifting because I am the sole earner of the family,  I do not want my parents to lack on their basic needs just to level up my Bitcoin accumulation scheme.  A regular DCA is ok for me besides the Bitcoin price won't just balloon overnight after the halving.  More or less we have more than a year before we can see Bitcoin breaking it ATH, that is if the cycle repeats itself.

This is his hope, even more than that, hopefully. However, we also have to be calm and not get too obsessed with prices that have soared very high. Remaining in a fairly reasonable zone. However, at least if we can get past the ATH of last bull season, of course this will have a big impact on our total assets. It's just that, we don't know when the right time will be, whether after the halving is right or like before we have to wait a few more months. We have to be patient.

As long as that doesn't happen, making more optimal purchases and investments in Bitcoin is one way I can accumulate investments in Bitcoin. At least, we can optimize as much Bitcoin as we have, but still under our control of money management.

Even though bitcoin is a good thing, it does not mean that you should bet everything on bitcoin because you must remember that this is not gambling but an investment.
Even though it is an action that you think is quite right and you have no problem with it but it would be better if you do not take a big risk in this case.

I recommend doing DCA because indeed it can be a very good option to continue to do but if in the end if it is indeed the thing that you think is best in the buying strategy according to your wishes then indeed it is up to you but do not let investing in bitcoin can interfere with your activities and only focus on buying bitcoin alone because we must remember that this is an investment option and not gambling that thinks Halving will be profitable even though indeed from some previous bitcoin history halving has always been a benchmark.

In this case, I personally didn't have any plans ahead of the halving as I was just doing what I've done many times before.
I always buy bitcoin with the DCA strategy and I will still do it even until the time I can't determine now but of course this depends on the situation and the price increase so as long as I can still buy and the price of bitcoin in my opinion is still very feasible before they return to ATH or even get a new ATH I will continue with the same strategy.
Because in the end I still believe that this is my consistency and the best way to continue to get bitcoin and to get optimal results when my target to release bitcoin is approaching.

Without a doubt it is more efficient to accumulate coins when the market still has bearish tendencies and there is a lot of fear on the air, however even if it seems those conditions are behind us I think that anyone that wants to start to accumulate coins now can still get good profits if they do so, the issue for them more than the price is the time, as we are running out of it very quickly as we are just months away from the halving and I do not know who much bitcoin can a person realistically accumulate during that time.

I will continued to DCA.and make a plan on how to manage my assets.because choosing your investment strategy is important to success in investing.

Indeed, the best time to accumulate is during bear season, there is no need to wait until close to halving to start accumulating. But you are ready for the bull season, does that mean you've accumulated enough bitcoin for yourself? I think if you still want to buy more, the current price is worth buying instead of waiting for the price to drop to $20k because that's really unlikely. But it's okay if you're happy with the bitcoins you've accumulated over the years. As for me, I have also accumulated quite a bit of bitcoin but still maintain it steadily because my goal is not only the upcoming bull season but also a longer-term goal for the future.

What I'm doing right now is that I'm accumulating crypto that I want to accumulate and believe that I can make a nice profit in the future with the upcoming bitcoin halving, because I know that if we're getting close to the halving, there will be a bitcoin rally in the market.

And through dca, I'm doing this because the 1/4 of the income I get here is in cryptocurrency. I also sell other crypto assets that I think and I also know have the potential to keep up with the crypto bull market. I know there are a lot of people doing it too; it's now for the bull season.

It’s worth accumulating Bitcoin in a bear market, it’s hard to argue with this, and halving is a harbinger of the onset of a bull market, perhaps not immediately but after some time, but halving is definitely not a harbinger of the fact that the best time to buy Bitcoin awaits us. We had a lot of time to buy, to be honest, I’ve been ready for growth for a long time and will only buy more if the price drops below 20k again, but I don’t really believe in that, so I just continue to wait for new ATHs for Bitcoin.

I try to buy with the remaining amount after meeting my needs and prefer to wait for the halving. It is also necessary to evaluate the times when prices decrease. We all know that the Bitcoin price will create a new ATH. We need to use this time well.

Everyone has their own investment plans. The important thing is to act within the plan. If we can act within our investment plan, we will make good use of our investments in Bitcoin's new ATH.

I agree, I see no reason to change my plans and force myself to accumulate more bitcoin just because the halving is approaching. Meanwhile, we have had more than 2 years since the bear season hit and we have had enough time to accumulate bitcoin. I don't know where the OP was during that time, and he now has to increase his accumulation of bitcoin when its price has increased significantly. If he really wanted to accumulate more bitcoins and bigger profits, he should have done this 2 years ago or more.

I'm still accumulating bitcoin according to my ability and I need to balance my life instead of just focusing on bitcoin too much and neglecting other things.

Many people can accumulate wealth with the help of Bitcoin or other constructive investments, but this can be threatened if the situation is not good. Unless you want to permanently stop a social life, you may be asked to participate in communal activities and stay safe. One should not only rely on Bitcoin to ensure your self-reliance and social security. You are quite careful with your investments. The most important step to take when investing in Bitcoin is to judge your needs and process well. It is very important to monitor market conditions and stay safe. This can be a good way to invest if you keep your faith and ask.

If you only started hoarding bitcoins now.... it might be too late, because you are buying during the recovery period and the price are increasing as we go towards the Halving event.

The peak will also not be on the date of the Halving, because people will start buying before the actual event happens. The hype cycle for the Halving start a few weeks before the Halving happens and that is when most people are buying. 

My method is still the same and nothing has changed. In fact, I have no intention of making changes in the way I accumulate bitcoins to save as a long or medium term investment. I just focus on DCA like everyone else. And I also only focus on using money from my source of income from work in the real world in part. But I sometimes accumulate large amounts and sometimes I accumulate smaller amounts. The point is, I don't like forcing myself. I just continue to stick to the advice I have received from many people that I will only buy Bitcoin with money that I am willing to lose. Or what is usually called cold money or unused money.

But it seems like it would be pretty good if we could buy more bitcoins by making more money. Namely by adding to our side jobs to get additional money.

You must maintain your essentials (rent, food, savings) before adding something new. Always preserve your rhythm while adding a new things, like Bitcoin, and never throw in more than what wont throw off your groove.

Imagine money as a Swiss Army knife. It has tools for every situation, including unforeseen ones. Spreading those tools and investing in Bitcoin can be wise. The catch: you wont get rich overnight. Rather like planting an oak tree. Possibly majestic, slow growth. Just be patient and withstand the storms.

The world is a roller coaster, and finances follow those unpredictable dives and peaks. Growing money on the side can be your security. So stick to your financial strategy, invest wisely, and who knows? Remember, balance and not letting one gust knock you down are key.

Thanks for this list of yours. Now I'm kind of motivated to be frugal for the moment so that I can prepare myself for the "supposed" bull run that will happen a few months after the halving.

I will not share any list or anything that I will do just to have money to be used to buy Bitcoin, but I have some ideas that I can do right now to start. I also said "supposed" bull run because I always think that there's always a time that it might not happen for some reasons. After all, the market is unpredictable. I might be selling things that I don't need right now to have some funds to buy Bitcoin.

How will I reward myself after selling all of my Bitcoins during the bull run.

We are currently making our own home with my partner. I guess that alone will be an enough reward for me already. I mean having your own home means more security, and more comfort isn't it? In terms of material things, if there's still some funds, I will try and upgrade my current personal computer because until now, I'm still using a low-end type of computer. How to I plan? I guess just accumulating as long as you have spare money would be the good strategy at least for me.

I just want to ask a question OP. What's your basis why you said that your Bitcoin investments will double after the halving? Or you just claim that it will because of your optimistic thinking towards the market?

I just accumulated more Bitcoin in the previous months of this year. Not only accumulating but also switching some of my altcoins position to Bitcoin, so in short, the percentage of Bitcoin in my investment is higher compared to altcoins.
This is what I did because I already learned my lessons in the past.

Like some of us here are aware, I do accept Bitcoin payments in my business, and through my strategy of saving my profits in Bitcoin, I have accumulated a good fraction of Bitcoin and a few other dollars I have used to acquire more Bitcoin. It's not a do-or-die affair to invest, but we only invest the amount that doesn't get us choked up, so that there will be no need to sell off some Bitcoin when it's not yet time to untie the portfolio. I think we should not still overinvest more than our normally desired amount of allocation, because if anyone does so, it could cause them to untie their portfolio when it's not yet time.

Oh no, you're getting this wrong. Who said that Bitcoin's halving would double investments? I totally commend your effort to purchase more Bitcoin and I stand with that, however, thinking that Bitcoin price will get doubled is putting your hopes too high. Bitcoin halving is simply the reduction of the mining rewards by half. In fact, it is possible for the price to increase or decrease before or after the halving. I'll suggest you lower your expectations so you appreciate whatever comes, instead of solidly thinking there'll be an increase in price.

I have a strategic plan to convert 20% of my weekly signature payment to fiat every week and the remaining 80% that is in bitcoin, I keep saving it up in my wallet as it comes every week till the bull run happens by next year.

Converting 20% of my weekly payments from bitcoin to fiat every week would make me learn how to spend less, wouldn't be forced to spend more than the money I have mapped out to spend for each week. And my spending for every week will be on that 20% fiat. I won't go beyond that.

Agree with your assumption, and indeed for the first step it is the best, management basically must always be prioritized, not only when you want to invest in bitcoin but in other matters also the role of management is very important. None other than because it will be very useful for balancing your finances in any condition, and also yes if indeed you have a desire or are interested in investing bitcoin then I hope you can divide each of your financial allocations correctly, prioritize your basic needs and if indeed all of that has been fulfilled then you can start investing by allocating the remaining amount of money and also of course with an amount that you can be responsible for, especially for risks that can come suddenly.

We must really think about utilizing what we have, one of which is money, I hope we can use the money we have for positive things and one of the good alternatives that can allow your money to grow is investing in any asset that you trust such as bitcoin. Don't rush and stick to the best plan in your opinion, bitcoin does not provide a guarantee for anyone to get rich quickly but maybe by investing then you will have a great opportunity to achieve the future you dream of from significant returns on your investment as long as you remain consistent.

Some people sell their lands and houses to travel to another country where they feel is more comfortable and where the pasture is more greener. When they travel to their dream country, they spend some years there and plan to build another, knowing too well they already sold house and land to travel.

I brought this example because of OP. The essence of investment and investment in bitcoin is to live a comfortable life and Op is privileged to live a comfortable life, instead of trying to remain comfortable, he decided to starve himself and change drastically his lifestyle and in the end he will still need to buy another car and try to be comfortable again.
Humans arrive at their destinations in different ways and most times we do wired things in a normal way.

I DCA and I do not intend to do anything different or stress myself the more.[/list]

I just focus on DCAing and continue to buy bitcoin with my spare money on my pocket. I never really had these serious changes in my life routine so as to maximize buying bitcoin, but I just stick on doing DCA as much as possible.

I don't see Bitcoin investment as my major source of income so I just invest on what's I'm capable to lose and never really expect much to make massive profits from it. Although it's a big achievement to make life changing profits when bull run comes but I also have this feeling that I should not compromise my life in exchange for my investment profits. Profits whether it's big or small, we should always be grateful for it.

I will find it hard to take this decision, I find it difficult to trust people I have just met, so it will be difficult to share an apartment with someone new.

This is a good move, but for things like electronics, you may never know or plan well enough because they may just develop a fault that will force you to use some money to make repairs. You may get mugged and need to buy a new phone, you never know.

I cannot consider this, because commuting is not so easy in my country, there are no trains and subways.

Rather than not renewing your gym membership, find a cheaper gym. Working out at home and on your own can get boring and be unmotivating for you that have a fitness plan.

I plan to reduce the amount of money I give out to people unnecessarily, because I find it hard to say no to people who ask for financial assistance within what I can do. I have noticed that it is getting out of hand because the economy of our country has worsened so many more people are always asking for favors, I have to learn to say No to some of these people.

DCA both now and after the bitcoin halving because, we cant tell what happen after bitcoin and we are not also sure when exactly the bitcoin all time high will happen and how much price bitcoin will attain in that time, so instead of waiting for what is not certain, is also better to make use of what is available at that moment to make the best use of the time and what bitcoin market put up from time to time.

i believe that, if DCA is properly utilize, it will give room for higher accumulations in both direction of holding be it USDT vs Bitcoin, DCA makes the accumulation process easy and save instead of just speculating bitcoin price based on possible bull market after the Halve.

The only panic left in me is the halving countdown, we are almost out if time, so I am still doing my DCA every week and month at times but lately I am starting to sell some costly things I have at home that I am not currently using, I sold my higher end alienware laptop weeks ago too and I don't regret it.

When the ROI is good enough I will take profit and get these things back but it's not a must if you don't have something you can sell, investing in Bitcoin is not something you have to handle like you won't survive tomorrow if you don't invest, my advice is to always give your best shot and leave the rest.

Waking up every day I still do the necessary things, like working out, visiting the gym is what I do every two days in a week, health state is more important than money, make sure you don't sleep on this, it's very important. Do only what you can to accumulate Bitcoin before the time is up but do not go extra miles.

All that we should know is to use any legitimate means to save up our financial and Invest in bitcoin, cut your cost on other side attraction things that are demanding from you and find a means to maintain a saving culture habit and use them on bitcoin, there are many opportunities many people are missing out with the way they are spending their resources while not considering the ways they can improve on their utilization for their own profit maximization, another good option is to also learn how to earn bitcoin.

That's right, therefore I only use a small portion of the total balance I have or around 0.005BTC which I allocate to the futures market, if these funds increase I will be grateful, and if the futures funds run out I will not add them.

I know this risk is very big, until now I have focused on going long.

This is an admirable plan!

i think this is a sustainable lifestyle that is both beneficial for your wallet and even for our environment it might be a little bit of a hassle commuting but i guess it depends on the state of your public transport nevertheless you are also contributing less of pollution because of this; working out at home also saves you time and a lot more money regardless of the fact that you did all these for btc these are still respectable sacrifices not a lot can do!

my plan is to keep what i have right now and never sell any of it but reading this really inspired me to do the same and buy more as much as i can before the halving

OP first says NOT going to be dramatically altering his lifestyle and then goes ahead and sells his car, stops going out to have some fun, stops going to the gym, and even plans to not go shopping for about 6 months. If that isn't altering, I don't know what is. So, I believe these statements are greatly contradicting each other:


I wouldn't call them regular investments if you are doing all these things to be able to make those investments. A regular investment would be the money that you can save from your income, or just renting a part of the apartment should have been enough for you to buy Bitcoin during this time, but doing all other things makes it a bit excessive, in my opinion.

For me, I'm not going to change my lifestyle or do things that will make me stop enjoying my life only so that I can buy more Bitcoins. I will buy when I know I have extra money left from my income after taking care of all the needs of my personal life.

Selling your asset for crypto is a risky bet btw, I know it seems lucrative when you put it that way, invest now and take double profit in 6 months. Yes, market seems bullish and market shows strength nearing the halving, and it go boom after the halving, It is all speculation, but if you are single and you can afford to wait for longer than 6 months, take a risk, otherwise i belive overall its a risky bet to take. I would never sell my physical asset for crypto.

You really are dedicated to this. I live a normal life, although I could be saving up, but there are things I need. I'm not going to make my life harder because I want that additional money to invest.
I'll explain with an example. We own 2 cars with my wife and it's literally impossible for us to get rid of 1 because she works at different hours than me and we live fare away from any bus stops or train stations. I'd have to call a cab a few times a week.
If you're really able to do all the things you say you do, keep up the good work and all I hope you succeed.


And what will happen if they don't? What if the price stays at 40k after the halving? I hope you have a backup plan.


I don't do anything special with my bitcoin. I feel like I have enough to live happily ever after if the price ever reaches $100k. I live a normal life, spend some coins if I really need to (but that's rare) and mainly use fiat money and hold my BTC. If We ever go past 100k, I'll probably start realizing some of my dreams.

Nothing really.

I am just waiting for the moment to come and there is no pressure for myself when it's approaching. I just have to do what I have been doing, to do things that are common for me.

Good for you OP that you can do such decisions and they seem as comfortable decisions for you. Cutting the expenses in those unnecessary memberships are actually a good decision.

Those small amounts you think that you're paying them won't hurt you much but if you calculate them how much you're paying them the entire year, you'll see that they're quite consuming a chunk of your money.

I would stick to DCA as well because that’s the only option where I can maximize the volume in my portfolio. And I’m really waiting for another price drop because that will serve as another great opportunity to buy significant amount of bitcoin before its price goes to the moon again. My focus is to increase my long term investment so whether this bitcoin halving is coming or not, still I will continue to do the DCA and make a profitable sell when bull run has finally arrived.

Actually my plan has been made long before now I just have to follow that strategy for the remaining six months or until the end of bitcoin halving. I see you have gone hardline once to make bitcoin investment although I have not gone that hardline but have been making a fixed amount every month or every week.
I won't call your strategy bad but I don't think your objective needed to be limited to double profits. If you want, you can keep your life as normal and do bitcoin investment for a long term with a certain amount of your earnings only excluding the access expensive ones. The current price of bitcoin is half of its all time high price so I think bitcoin halving in the next bull season I think it will touch its new all time high price and you have to wait for that so I would say only 2x your profit  Adopt a more long-term strategy without limiting yourself. And yes definitely do a proper dca management for risk management and then start investing.

I admire your dedication, it’s not a easy task cutting down the simple pleasures of life to achieve a goal. But I don’t think sharing a flat with a stranger is the best. For me, I won’t be making any changes to my current plan or lifestyle. I already have a good saving plan that’s working for me. The bitcoin halving wouldn’t make me alter my plans, I’m hodling for long term so the halving doesn’t make much of a difference to me.

You talked about creating a balance between Saving and funding your normal life well I think you don't know what that statement is because this list is like choking your self to save in Bitcoin, just because of the bull run! With this list you made you are probably the type that may go into depression if the bull run doesn't come after the Bitcoin halving.
I am in no place to tell you what to do but I think all that is too Much you putting your life at risk especially if you don't know who your new flat mate is well, and having your personal car can help you get to places quicker and fast making life easier and helping you to focus more energy into being profitable, one thing I would say is never incest aggressively in anything.

By using the future contract and leverage trade you are risking bitcoin for all the possible future gains in the next bull run. It is up to the user how they are going to use their coin but using future trades at a time like this is not a good idea. We are very close to the halving and the market can be very manipulative because lots of people are keeping an eye on the market and they will push the market up and down to liquidate all the future contacts if they get the opportunity to do so.

The Bitcoin halving is a highly anticipated event for all bitcoiners and non bitcoiner alike. So many persons are preparing for it in several ways that seen fit to them. The OP who has listed some new behaviours or lifestyle adjustments that he has made is right in his own eyes which is also good. I have no criticism against him. From me the best way that I know to make the most of my bitcoin is investment before the housing is simply to increase the amount of my dollar cost averaging and secondly two double the number of times dollar cost averaging. I'll do twice a week or twice a month rather than the usual once a week.

I will say that you have a good plan to save and move the money to Bitcoin investment. I like the plan because it is achievable and not filled with wishful thinking. My plan will be a little different from yours because of my status or individual needs.

Spending the profit I made from Bitcoin on holiday is a total waste to me. Don't get me wrong, a vacation might be your own need but it is the least on my list. I live in a country where you might end up in poverty if you don't spend wisely. I have needs like starting a business, owning a house, and acquiring more skills.

Honestly, considering I am not rich at all, its already quite tough to handle everything all at once, its not that easy of a situation and could be considered a little different for me at this moment. I would have bought a lot more if I had the money, but for the past 3 years I have been in and out of hospitals all the time, not for myself but my wife and her family has been sick a lot, from her aunt to her mother to herself, she just had surgery last week. So when you think about it, its not really all that complicated, and could be considered as something normal to not have enough money. I believe that if I didn't had all that, I would have bought a lot more and be holding a ton right now.

Gambling less and secure my profit into my hardware wallet whenever I have chance. I typically just spend immediately my gambling profit in fiat by purchasing items in e-commerce but roght now I halt on spending online and focus more on building my Bitcoin balance from gambling and a little bit of trading which is working perfectly on my end.

Online shopping contributes a lot to my expenses that is why I can immediately focus on storign more Bitcoin by cutting this heavy expenses of mine. I’m planning to sell too some of my luxury shoes that I’m just collecting to purchase more Bitcoin this upcoming December. I’m just waiting for sure confirmation about this bullrun before I began investing seriously using my assets in real life.

The way I see that you can take advantage of being able to buy everything you can, because only in this way is it possible to make a better and greater fortune, of course, is my way of thinking, which I can intuit that now the things when They are about how to have more money, it is not like many people do who buy when bitcoin is reaching a lot of money, but that is the wrong way, because it is better to buy it as it is right now, because just imagining that it will happen. Bitcoin at $150k and we buy at that price is too much what we are going to lose, while buying it at the current price is going to earn too much, the important thing is to have and make many satoshis.

I like your plan, OP. I think every person who cares about their future and understands the value of investing in Bitcoin will try to allocate funds before the halving. Another thing is that not everyone has such a focused plan with such precise intentions. I save a certain amount whenever possible, but I’m not a fan of depriving myself of going to the gym, swimming pool, and, of course, some meetings with friends.
But your goal is very noble and does not have a Philistine direction—to buy some things. Do you love to travel? Mongolia is definitely a mysterious country, and I also dream of visiting it. Therefore, let all your dreams come true at the exact moment.

The op talks about a balance between saving and enjoying life, but, to be honest, the lifestyle plan sounds pretty rough to me in some points. I wouldn't live in a shared apartment to save money, and I do occasionally order takeaway, even though 90% of the time I eat homemade meals my spouse and I make. I don't have a car, and I do salute the decision to sell it, but it's harder in some countries than in others.
I just sell what I have to, and I'll try to save up more, but without any major lifestyle changes.

If you're really obsessed to invest as big as you can in Bitcoin, why you're not sell your kidney and then use that money to buy Bitcoin, you can live with one kidney and then buy a new kidney after you sell Bitcoin during bull season lol.

That's not a suggestion, but a stupid decision just like taking out a loan to invest in Bitcoin.

Despite you're try to change your lifestyle to save more money to accumulate Bitcoin, you should accept if there's might no bull season or the bull season isn't like what you were expect.

It's easy for me, I have a lot of amicable relatives and friends and I have done this kind of thing before which is asking them a considerable amount of money for loan, this isn't a lot of people so you don't have to raise your eyebrows about me not being genuine but these people that I plan to ask for a loan knows that I am invested in bitcoin and many other cryptocurrency and I've shared my profits to these people back then so they know that I'm trustworthy. Now, this might sound weird to you and even irresponsible but the loans aren't that big and they know that I can pay and there's no interest since they're close friends and relatives/family so the increase in payback is just me giving it out of good will and a token of gratitude. I would understand that some of you if not all might be full of doubts that this is a true but I can assure you that this is the truth. By the way, the money that I'm borrowing from them isn't that large amount, maybe around $150 would be the highest. Not the most ideal way to accumulate bitcoin quickly but the opportunity was there so I just grabbed it (no interest family/friend loan).

I have differential opinion to this, cars are definitely expensive to maintain but sometimes they are cheaper when compared to the costs in terms of cost savings than running into trains. OP has a work which he needs to get to, although I don’t know how early he needs to leave but most at times one always gets late when using public transit because you can’t go or leave whenever you wish to till the train arrives. The best cost saving option to me is to limit where you drive to that will save the things you listed like fuel.

Everyone has his own way of doing things but I will accumulate bitcoin at my own comfortability, some restrictions can be detrimental to one’s health. It will be awkward to save and later use it to treat some health issues.
Also bitcoin halving might be coming this April but bull isn’t coming soon, when it is coming is also not certain. One could get frustrated along the way if it gets delayed and lack of patience is one bad attribute of a bitcoin holder

Apart from that, portfolio diversification is also important. For example, buying a number of altcoins that we believe can provide a large price increase can provide an opportunity to increase the amount of Bitcoin we own. We all know that altcoins experienced a big decline during the bearish season, if the altcoin we own/buy goes up then if we sell it in Bitcoin pairs it will also double. This is just a little experience that I did in 2019-2022, I bought several altcoins with capital of 0.01 BTC and during the bull run season at that time I got approximately 0.4 BTC. I hope that will happen again in this bullrun.

Making a purchase every week or DCA is a good strategy. Starting early to allocate Bitcoin every week until the upcoming halving will produce a good outcome. An effective strategy to lower the risk of the volatile nature of the market. By doing DCA, you have the chance to purchase at a lower price and increase your investment.

Currently, I am also doing the same thing trying to invest in Bitcoin as much as I can. There are only a few months left before halving and no one knows when the effect will affect the market, better to invest before that happens.

That's right, even if I want to have as much as possible, there are times when I have to stop or even times when I have to sell.

But how about the advice to only invest what you can afford to lose? By this advice, can we say that a man who has abandoned a lot of things which could be considered necessities like a car for example, considered investing more than he can afford to lose?

Although it's far from possible, what if Bitcoin suddenly dived in value? You could end up living that hard life permanently.

I make regular Bitcoin spot purchases every week, and earn extra from signature campaigns. Plus, I used a little Bitcoin to play M coin Bitcoin futures which I intended as a step to earn Bitcoin significantly and quickly. However, spot is still a priority, Mcoin Bitcoin futures have big risks, but also have high returns, you need accuracy, patience, analysis and correct management to get maximum results.

There are people who have that kind of motivation when it comes to investment.
For people who can afford, there's no problem in buying more. Also, it means, they truly believe on this market.
Just like people who are into real-estate or gold, they will buy as long as they feel they have money to spend.
But it is understandable for a lot of crypto users who can't buy more even if they want to or save their satoshis.
We all have our own expenses and somehow, we need to cash out if there's a need to.

Lol, good to see people doing all they can to get more Bitcoin before it gets too late, the thing is this struggle won't last forever, as some people might be seeing this as taking things too far, when it is just a matter of time, by 2024 all this will come to an end, till day I am still proud of myself for selling some part of my land to buy Bitcoin, when I talked about it on here few people are saying its a bad idea, like really, even without the bull market I am already in big profit, that even if I am still keeping the land I wouldn't have make a lot of money like this, if you bought your Bitcoin at 17k you should know what I am talking about right now.

Yet I don't stop there, I almost sold my car for Bitcoin but I halted because the price of cars keeps running up, even if I have to get another later I would be paying too much to get it, that's why I don't bother to do it again, but since last year January it's like I have been working only for Bitcoin, apart from buying food items at home for my household I don't spend money on anything else, no new clothes, no new gadgets, nothing.

I believe I will end up enjoying the fruit of my labor by 2025, it's worth fighting for, the higher you invest in Botcoin the bigger your reward will be, that's why your constant DCA is a must to maximise your profit in the coming bull market, don't give up, don't let go, and don't lose hope, maybe if the unexpected dumps happens it's a new opportunities, do not feel like it's over, buy some good chunk and hold.

I'm amazed at your resolve to stack as much sats as possible. That's incredible of you. You even decided to sell your car for the sake of Bitcoin investment. You didn't even renew your gym membership even if that's already very personal and not really a vanity of some sort.

I don't want to say that you're going too far on your determination to have as much Bitcoin as possible, but I haven't considered this myself. I didn't even change my lifestyle just to have more Bitcoin. There's not much to save anyway because I'm not living a luxurious life, but perhaps I just don't want to sacrifice too much.

My life is still the same, spending, saving and investing as always, I will not change my life just because the halving is approaching. My goal with this market is long term and goes beyond what the upcoming halving brings me, so I don't want to have to save more just waiting for the halving to come. Instead, there are other ways to grow our bitcoin investment than just saving to the detriment of our health. I am working more and want to work more to increase my income. That's what I've been doing with my life.

To maximize my Bitcoin investment, I still reduce unnecessary expenses to have more money. But doing that is not easy because we have unexpected expenses that require money. That's where I can't do anything because it's an expense I must meet.

And I still try to buy Bitcoin with the same amount of money regularly. Even if I can't maximize the amount of Bitcoin according to my plan later, that's okay. I can accept it because I can only plan. Everything will depend on the journey and also on God.

The important thing is that I continue buying Bitcoin and holding it until the price reaches its new ATH. After all, that's a huge gain for me and the achievement I want in the next halving.

Just make sure your neighbor doesn't get the maximum return on his investment in bitcoin instead of you.

Minimizing expenses is a good behavior strategy. Now imagine how many bitcoin you could buy if you started saving money earlier.

Maintaining a car is always a financial headache for car owners. Getting rid of this ballast will allow you to win twice: you will stop spending money on fuel, spare parts and car repairs, and you will also receive money from the sale of the car. Nowadays it is not at all necessary to have your own car when there are car rental services, such as car sharing.

I see your intentions are very serious. Also, stop buying socks and knit them yourself instead. Forgive me for this joke. When achieving any goals, it is necessary to maintain a balance by avoiding excessive obsession in accumulating bitcoin and sacrificing a comfortable minimum.

This is not only one of the most beautiful countries, but also one of the cheapest. You seem to be too caught up in your cost-cutting and saving strategies.

Even though I don't hold a lot of Bitcoin assets, I will keep Bitcoin in my wallet before the new highest price is reached.

If I want to make up a story to make it look true, it won't be meaningful to me because I don't have much knowledge about market movement situations myself.
My main capital has been reading and trying to analyze how events will happen in the future.
But I believe that the highest price will be achieved and if I am still alive I will be the one who witnesses the events that will happen.

Buy, collect and hold. When a new ATH comes, sell some. For now my plan is like that.

I guess the plan is just to continue to accumulate as much as we can prior to the halving. Of course, there could be some sell off in our part specially this holiday seasons. But I don't see myself, selling everything.

And for those who have enough experience before the halving, there's nothing beat a strategy that is to just buy in dip or at least do what's best which is DCA. And if there is the right time to sell, it will be in the bull run or at least if you have the idea where is the right time to offload to maximize your profits.

I sincerely hope that won't have any impact on you. Will you feel at ease with that if you had a flatmate? Bitcoin investing is a great idea, but you don't have to do anything that will negatively impact you in order to make an investment. If you are not financially buoyant, you may invest even a little percentage of your income in bitcoin, a large investment is not necessary. Although I personally dislike the idea of sharing my apartment, you may be cool with it if you don't do anything that would negatively impact your bitcoin investment.

You are hilarious to me because you plan to invest in bitcoin, which means you will stop looking good. For how long will you stop buying new clothes? Do you know when the bull run is going to start? In case if your phone gets broken, won't you get yourself a new phone? If your shoes get bad, you will not get yourself a new one. All I will tell you is to just take good care of yourself so that you won't end up spending all the money you will make during the bull run on hospital bills.

Are you serious about selling your properties because you want to invest in bitcoin? But I hope you have emergency funds. In case of an emergency, if you invest all your funds in bitcoin, if problems arise, and you need money to solve the problem, you will end up selling your bitcoin to solve the problem. So when investing, always have extra cash outside your bitcoin investment.

You shouldn't have bought those dumbbells and barbells, you should have just invested the money in bitcoin. Don't you think it will be better?

Being overly confident isn't always a good thing. There are times when your confidence is just that, a belief, and you shouldn't overreact to it. Especially when your current habit seems to be going all-in on BTC, without any certainty about whether a bull run will really happen after the halving or if it's still a few years away. I don't mean to hold you back, but this is my perspective, as there's no convincing evidence that the next halving will truly lead to a bull run and a new ATH. I'm still being realistic, where when Bitcoin reaches $50k - $80k, I'm ready to take my profits.

As for what I'm doing, it's still the same. I'm saving BTC every month and accumulating it, ready to sell when the price is lucrative enough. I don't have high expectations for the next ATH... $80k is already good enough for me to gain actual profits that are hard to come by in other investment instruments like stocks or gold.

You're change your lifestyle, I'm not really sure if you're okay with your new lifestyle.

Having a roommate means you might going to spend more money or time with them, it also decrease your privacy.

Selling off your car and use train, you might spend more time to use train.

For new clothes, eating out and gym membership are make sense to reduce or even completely avoid it.

For me I don't mind to spend more money to rent an apartment and buy a car, these two things can improve your activity and effectiveness rather than wasting time.

If you talk about today price, a double of it is about $70,000 or $71,000 and it is possible because is a few thousands of dollar from 2021 all time high.

If you don't plan to hold bitcoin too long, want to take profit in next bull run and complete your investment, take profit and enjoy life.

You must get your initial capital for your investment back. It's your first task. A second task is using your profit for what things. Do whatever you want like you describe with your post, I can not agree or disagree with you. I only disagree if you don't take your initial capital after an investment.

I do DCA and occasionally make much larger purchases when I have money and the price of bitcoin goes down. That's the period of entering the market that I continue to do from the beginning of investing until now and usually I will try to vary and not fixate on the price of bitcoin except for the DCA method. For investment benefits, I haven't thought about which country to visit because currently we are facing difficult financial problems and if we try to travel, we might spend a lot of money.

I have big plans to build several profitable businesses, both in agriculture and services, rather than looking at potential visits to other countries. Hopefully your wishes can be achieved and while you can travel, do it because when you have big responsibilities regarding finances it will be much more difficult to do so.

There is no point making it over complicated, just buy Bitcoin by whatever means suitable to you and hold while we enter the halving. There are many models in place including the popular DCA method that many people are applying. The time may be too short to accumulate reasonable amount of Bitcoin for those starting DCA with small capital so a combination of DCA method and the lump buying could help so one will achieve a good proportion before the halving of next year.

If you think that the price will rise next April, then you should change your calculations, as you need to wait +18 months, which may mean that you will need a longer time on the train or not buy clothes, which is very bad. If you think that the price will rise next April, then you should change your calculations, as you need to wait. +18 months, which may mean you will need to spend more time on the train or not buy clothes, which is very bad.
Do not wait until the price reaches +180k, as things may change quickly, so it is better to set selling accounts at 100k and not let greed control you. Finally, instead of DCA for the coming months, it is better to buy one batch and wait.

I don't think denying oneself over everything will make you much richer or having much profits after or before bitcoin halving, the most important thing is that just choose the specific amount you want to invest in bitcoin or probably do DCA to store more volume of bitcoin. Remember life, your body and health should not be denied anything needed because when you think of your investment and probably you aren't there to oversee your struggles and investment is a waste of effort and plans. Instead just carve out what you know is worth investing and leave a normal life, bitcoin is extremely volatile and what if what we (you) expect about the market didn't come that way do you have anyone to be blamed?

That is too much, to be honest. I am not going to do these things, unfortunately. All I am going to do is hold my signature payments as long as I can hold them. No pressure at all. I have other income sources where I can live very well. I don't have any plans to Buy Bitcoin at this moment. My Signature payment is like the DCA method. I am getting a couple of hundred sats every week, and I am planning to hold it as long as I can. If I need some money from my signature payment, I am willing to sell it just like I did last week. It depends from person to person. I don't know how much you make and what is your target. But my target is to gather a couple of thousand dollars. Of course I am not going to hold anything significant.

You have a very good plan for the upcoming bull run and not altering your normal way of life to the extent of been uncomfortable about it is the best idea to go for. In the next six months, for us that don’t own much, and have nothing to sell or to readjust our lifestyle, or are very not financially stable, we will continue doing our DCA and keep collecting more Satoshi’s from the little we earn until the bull run. I will at least get something out of it no matter how little and won’t be left out of the people making high profit from their investments after the bull run.

I have continued to DCA. I am waiting for one week to halving to invest huge amount of money which is far more than my DCA. Because I know that after halving, I will earn more from my bitcoin holding.

As for other things, I spend normally to enjoy what I should basically enjoy.

We're close to doing the same thing although I'm on the grind right now so I can accumulate as much money as possible so I can buy more bitcoin, hopefully the prices go down temporarily as I have a substantial amount of fiat ready to be converted to be bitcoin, doing some overtime in my work helps with the accumulation too. I've set my sell out price the same as you too but I don't know yet if I'm going to sell everything or just the half of it and wait for it to go up more again and then sell the other half. I don't really like to plan too much on how I can accumulate more bitcoin before the halving, I don't my life to revolve around just accumulating bitcoin and having all the time of day to be just thinking about bitcoin so I avoid plans.

Whenever the price experience any minor or major retracement I bought to accumulate using DCA I agreed with you that the best bet now is to very conservative with our expenses on irrelevant things just to spare some extra bucks to buy Bitcoin in preparation for the Bitcoin halving coming up next year, I believe in the long run the profit that would be earn after halving would worth all the sacrifices made now, this is another for those who missed last halving to earn some reasonable profits, though investors who bought Bitcoin in September are very lucky because they bought at a very low price and did DCA while the price gradually became bullish.

I guess I would not change my lifestyle that much, I will try to increase my DCA  amount when there are significant price dumps (if any...). I do not spend that much on a day to day basis, so in my case it is not worth it to switch to a monk-like life for 6 months to get only a few sats extra

I do DCA and I don't plan to make any special changes, except maybe to do partial sales at ATH times, like when the price goes over $100,000 and things like that. But for me it's more of a long-term view, which includes a couple of cycles or more. Gradually continue to accumulate wealth in bitcoin and other assets.

The countdown to April 25, 2024, the day of Bitcoin halving from today, November 5, 2023, is approximately 6 months, 3 weeks, and 5 days. As for my personal plans to make the most of Bitcoin investments before the halving, I'll focus on regular investments without dramatically altering my lifestyle, ensuring a balance between saving and enjoying life in the present. Here are the habits and behaviors I have adopted to ensure that I make the most of my investing in Bitcoin before that day arrives:

• I turned my apartment into a shared one, meaning I got a flatmate and used the money paid to buy more Bitcoins.
• No more buying new clothes, shoes, phones, or electronic devices. No more eating out. I'll cook all my meals. The money saved will be used to buy more Bitcoins.
• This month, I'm selling off my car and I'll start using the train for commuting to work or any other essential place. Therefore, unless it is absolutely necessary, my social life is going to suffer for a little while. This delay of gratification is worth it.
• I didn't renew my gym membership. I purchased some dumbbells and barbells to start working out from home. The money supposed to be spent on the gym membership will be used to buy more Bitcoins.

There's a flip side to this. After the halving, my Bitcoin investments would have doubled. I plan to reward myself with the profit by:

- Visiting Mongolia, one of the most beautiful countries in the world. I've seen a lot of  documentaries about Mongolia on YouTube.

How do you plan to make the most of your Bitcoin investments before the halving in 6 months?